C1Part 7Disclosure of tax avoidance schemes

Annotations:
Modifications etc. (not altering text)
C1

Pt. 7 excluded (17.7.2014) by Finance Act 2014 (c. 26), Sch. 35 para. 13(b)

I1311Arrangements to be given reference number

1

Where a person complies F1or purports to comply with section 308(1) or (3), 309(1) or 310 in relation to any notifiable proposal or notifiable arrangements, the Board F2...—

a

F3may within F590 days allocate a reference number to the notifiable arrangements or, in the case of a notifiable proposal, to the proposed notifiable arrangements, and

b

if it does so, F4must notify that number to the person and (where the person is one who has complied or purported to comply with section 308(1) or (3)) to any other person—

i

who is a promoter in relation to the notifiable proposal (or arrangements implementing the notifiable proposal) or the notifiable arrangements (or proposal implemented by the notifiable arrangements), and

ii

whose identity and address has been notified to HMRC by the person.

2

The allocation of a reference number to any notifiable arrangements (or proposed notifiable arrangements) is not to be regarded as constituting any indication by the Board that the arrangements could as a matter of law result in the obtaining by any person of a tax advantage.

3

In this Part “reference number”, in relation to any notifiable arrangements, means the reference number allocated under this section.